CEO McGrath sold 10,930 shares of CNXN at $65.14 on 2025-05-30 (total $712.0K). Stock now down to $64.43, -15.8% from 52-week high.
McGrath reduced his position by 4.2% through a sale at $65.14, bringing holdings from 260,387 to 249,457 shares. The timing is notable: his prior three sales at this ticker were all well-timed at the 90-day mark (all posted negative 90d returns), and the current price of $64.43 is -15.8% below the 52-week high of $76.54, suggesting the stock has weakened since the May 30 transaction date. His cross-ticker track record shows a 33.33% well-timed rate on 14 prior sells with an average 90d return of +7.7%, indicating his prior sales have not typically preceded declines. The company carries a P/E of 18.73 with annual revenue growth of -1.7%, and the stock has declined 5.4% in the 30 days following this transaction, consistent with his same-ticker pattern at this company but not his broader track record profile. The clustering of three sales within two trading days (May 28, 27, and 30) warrants attention to whether broader business visibility or timing constraints were at play.